Business

Access Bank Targets Top 20 Position in UK, $1bn Profit by 2027

Access Bank, sub-Saharan Africa’s largest bank by customer base, has shared insights about ambitious plans to position its UK subsidiary, Access Bank UK, among the top 20 banks in the United Kingdom, targeting an annual profit of $1 billion by…

Golden Guinea wins N10bn eight-year suit against AB InBev

Golden Guinea Breweries Plc has won an eight-year-long N10 billion suit against International Breweries Plc and Anheuser-Busch InBev (AB InBev). The Umuahia Abia State-based brewer had approched the Federal High Court in 2016 demanding general damages in the sum of…

World Bank Group opens application for young professionals programme

In a statement on Thursday, the group said the application will open on September 1, 2024, and remain open until 11:59 pm on September 30. The World Bank said the programme is aimed at recruiting young professionals from around the…

CBN appoints Sule Minjibr as acting MD, NSPMs, sacks previous management

The Central Bank of Nigeria (CBN) on Wednesday sacked the top management team of the Nigerian Security Printing and Minting Plc, (NSPM) and appointed Abubakar Sule Minjibr as the acting Managing Director. The development is contained in an internal memo…

AEDC targets fresh jobs in Nigeria’s power sector

The Abuja Electricity Distribution Company, AEDC, has announced strategic initiatives to boost Nigeria’s economy and create jobs in the power sector. Adefisayo Akinsanya, the Head of Marketing and Corporate Communication, AEDC disclosed this in a statement, quoting Victor Ojelabi, the…

FG plans N110bn youth enterprise clusters

Vice President Kashim Shettima has disclosed plans by the Federal Government to establish a Presidential Initiative on Youth Enterprise Clusters that will cost N110 billion. He stated this on Thursday at an event organised to commemorate the 2024 World Population…

Presidency raises alarm over NNPC’s non-completion of PH refinery

The presidency has expressed concern about the Nigerian National Petroleum Company (NNPC) Limited’s failure to meet key milestones crucial to President Bola Tinubu’s administration’s goals. Sources from The Cable reveal that Hadiza Bala Usman, special adviser to President Tinubu on…

UBA GMD Alawuba Appointed Chairman, CIBN Body of Banks’ CEOs

UBA GMD Alawuba has been appointed Chairman, CIBN body of Banks’ CEOs. NewsOnline Nigeria reports that the Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute…

Zenith Bank wins ‘Best Commercial Bank in Nigeria’ and ‘Best Corporate Governance’ awards

Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named as Best Corporate Governance, Nigeria for the third year running…

NNPCL reveals reason behind FCT petrol scarcity

The Nigerian National Petroleum Company Limited, NNPCL, has blamed the scarcity of the Premium Motor Spirit, PMS, also known as petrol, on the disruption of ship-to-ship transfer of petrol. This is contained in a statement by the NNPCL Chief Corporate…